The Bain consultant salary is extremely compelling, even for entry level hires with only an undergraduate degree. All of those can add up to a nice sum, making competition for these roles extremely competitive. The salary trajectory of a Consultant ranges between locations and employers. Overall, if youre looking for a high paying job that isnt in finance or law, consulting is a very strong option, particularly for driven high-performers. Bain & Company Mai 2022-Aug. 20224 Monate Mnchen, Bayern, Deutschland Internhip | CPG Practice Full-time offer received Part Time Strategy Consultant Kearney Okt. There may be multiple reasons for pay differences - one of which is a small number of salaries submitted per job. Bain promotes top performers faster and rewards them better than at other firms. At this level, the average global Bain consultant salary is $165,000 a year, with a range of $147,000-204,000. Based on 383 salaries posted anonymously by Bain & Company Consultant I employees in Valpo, IN. Office: Washington, D.C. The Glassdoor reviews also tend to cite many familiar consthe hours are long and there is a lot of travel involved. There are 3 stages in the Bain hiring process: Resume Screening => Online Test => Fit Interview & Case Interview. Bain Has Been Named a Best Place to Work in 2023 by Glassdoor! They are slightly higher for 2020. . When you rise to this level, your Bain and Company consultant salary averages $188,000 a year. By the time an employee rises to the level of Partner, their Bain salary becomes extremely formidable. Their salaries typically start at 55,000 and can be as high as 65,000. The implication, then, is that average compensation at Bain & Co's UK operation last year was 'just'175k per head. While MBB firms froze salaries, they offered other perks, and there are some differences here. In terms of living costs and compared to the average salaries, countries like Germany come out on top. Salaries posted anonymously by Bain & Company employees in Reading, OH. For candidates joining at MBA level the bonuses can be from 15,000 and again double this amount for the very top performers. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Youll build a powerful network in the process. Some receive only 10% of the potential payout. Bain looks for practical, leadership experience. Generally, the bonus is normally distributed. The highest-paying job at Bain & Company is a Partner with a salary of 221,313 per year. The salaries and compensation structure at McKinsey, BCG, and Bain (MBB) or at Tier 2 consultancies, or Big 4 such as PWC careers are relatively rigid with very little room for negotiation. Bain wants to know what impact youve made in your role, rather than what youre responsible for. Have a confidential story, tip, or comment youd like to share? Average salary for Bain & Company Consultant I in Valpo, IN: [salary]. At Bain, we champion the bold to achieve the extraordinary. Master's-level graduates get offered around $112,000 in base salary at Bain. Eventually it will unless its offensive or libelous (in which case it wont. 0 Invalid empty value or special character. The average Bain & Company salary ranges from approximately 38,105 per year for a Manager Assistant to 221,313 per year for a Partner. Salaries are highest in Switzerland, the U.S.A., Germany, Australia, and the Middle East. Bain salary progression is quite steep relative to the corporate world. But theres no single answer to the question of what a Bain salary is, of course. But for all its spending, Bain & Co. pays its average employee a lot less than an investment bank. Lots of factors contribute to this difference, most notably the differing tax and benefit structures in the two companies. From there on the sky is the limit with experienced senior partners bringing home USD 4-5mn easily in a given year. 2023 eFinancialCareers - All rights reserved, The 2021 salary report from industry coaching firm. Its on the level of McKinsey or an Ivy League education. Bain Consultant Salary | Find out how much Bain MBA and masters-level consultants earn Bain-Facebook, Are you an aspiring management consultant? Download resume templates and watch in-depth, step-by-step resume advice videos. If this is accepted, do not expect more than a few percents of your base salary, but you should also be ready for your request to be declined. However, still more employees claim that this is at best a dream for most employees, who often struggle to maintain this balance in actual practice. At BCG in the United Kingdom, we offer our employees a unique platform for personal growth and a great foundation for building a rewarding career in consulting and beyond. As for support stuff (e.g., junior analyst McKinsey salary, junior research analyst McKinsey salary, research analyst McKinsey salary) the salary is usually adjusted downward from the consultant role, which is in line with the lower work and travel demands for non-consulting roles. Finally, the competition for top talent in the US is more pronounced, as Bain competes with Silicon Valley, Wall Street, and other top consulting firms to keep its talent pipeline full. Well also take a look at the nature of the career path at Bain, as well as employee reviews. out of network benefits, fertility benefits, best - culture is that people take their vacation. 8 full cases with solutions (incl. It is our unwavering ambition to maintain a culture where Bainies feel supported, included and delighted to come to work. Stage 3 Fit Interview & Case Interview: Check out 2 articles Bain Fit Interview and Bain Case Interview to have a clearer idea of what you may expect during your application. COPYRIGHT 2023 BUSINESSBECAUSE LTD. ALL RIGHTS RESERVED, The data in this article was sourced from Management Consulteds 2023, Michele Valente, HKUST Business School MBA. The salary of managers (Project Leaders) can hit $240,000, while Principals and Partners can make up to $1,000,000. For the rest of your career, your tenure at Bain will signal to future colleagues and customers that you are a top performer. Total Pay 52,271/yr Base Pay 8,401/yr Additional Pay Based on 6 SalariesFull Pay Details See salaries from all locations Manager Assistant 41,916/yr Avg. Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Consultant salaries - 173 salaries reported, Associate Consultant salaries - 147 salaries reported, Senior Associate Consultant salaries - 60 salaries reported, Senior Consultant salaries - 30 salaries reported, Senior Manager salaries - 20 salaries reported, Case Team Leader salaries - 13 salaries reported, Executive Assistant salaries - 11 salaries reported, Senior Specialist salaries - 10 salaries reported, Senior Associate salaries - 7 salaries reported, Specialist salaries - 7 salaries reported, Associate Partner salaries - 6 salaries reported, Bain Associate Consultant salaries - 6 salaries reported, Manager Assistant salaries - 6 salaries reported, Management Consultant salaries - 5 salaries reported. In this article, we want to give you an insight into how much money you can expect and how your salary will progress as you move up the ranks at the different strategy consulting firms. The exact size of this payment is driven by the role and distance of the relocation. The Bain salary in other countries varies for obvious reasons. Some related job titles areEntry Level Consultant salaries with median pay of $50,394,Senior Consultant salaries with median pay of $123,519,Associate Consultant salaries with median pay of $89,060,Business Analyst salaries with median pay of $82,032. The UK offers its residents significantly more social protections than the US does, offsetting some of the difference. The article did not discuss the specific tiles that each of the three firms uses. Basic salaries at top firms For recently graduated undergraduates and Masters students, the base salaries at McKinsey, BCG and Bain in London start from 40,000 and can be as high as 45,000. Private Equity / VC Jobs verfgbar bei eFinancialCareers. U. nlimited paid time off (PTO) (E&Y), profit sharing (L.E.K. On the other hand, McKinseys pension is the most generous at all levels and is comparably high across many industries. Learn about the award and see why employees love working at Bain. Bain consultant salary prospects are especially strong for incoming MBA hires who earn base salaries of $192,000. Bain Associate Consultants in the US can make up to $242,000 each year, with $175,000 from base salary, $37,000 from bonuses, and $30,000 from shared profits. Yoeun Yoon Senior Manager Seoul Vicky Sun Manager Beijing Annie Medaglia Associate Partner Washington, DC Jake Mitchell Consultant San Francisco SEE MORE PROFILES Bold Thinking. Stage 1 Resume Screening: Consulting Resume Overview will help you understand what to show, what to not show in the your resume. Forbidden characters: \. Read Jonathan Paul's full story! Contribute Manager The estimated base pay is $159,610 per year. Apply today for the Associate Consultant Athens 2023 with Bain & Company. However, if you have a good rationale for requesting a sign-on bonus you should ask. Based on 1 salaries posted anonymously by Bain & Company Consulting Practice Manager employees in Maldon, England. And the Brain brand is very strong. The community relies on everyone sharing. 73% of these revenues were spent on pay. Find your next Contract Data Modeller job in Cold Harbour, Rainham and apply today. Associate Consultant Bain & Company Mrz 2023 -Heute 1 Monat. To help you make the decision, here are some factors to consider: Salary Professional growth opportunities Exit opportunities Type of work/industry focus Manager $268K. The Bain and Company Glassdoor reviews are remarkably consistent in their enthusiasm for the experience of working at Bain. Entry-level consultants can expect a performance bonus to be around 15% of their salary, senior associates around 25%. Read what they think about their salaries on our Compensation FAQ page for Bain & Company. In 2021, all three BBM firms were only paying $90k salaries. Still, the overall reviews are extremely positive, with an average Glassdoor rating of 4.6 stars out of 5. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. PwC UK pays Consultants a nice 85,000/year. Average salary for Bain & Company Qa Consultant in Maldon: 55,861. MBA hires at Bain get PTO vacation of 25 days per year. For experienced hires joining below the MBA level the bonuses are typically around 10,000 and up to double this amount for top performers. Bain consultant salaries and bonuses tend to grow by 10-to-20% each year, according to ManagementConsulted. McKinsey does pay less than other firms at the lowest entry-level, but beyond that, the differences with other firms are not large enough to be meaningful. Our Bain Online Test article will show you everything related to the test, what youll be asked and what you do to prepare for it. Associate consultant is the title new undergraduate hires typically start working under at Bain and Company. Bain & Company Salaries How much do Bain & Company employees make? Competition for talent is high, and it has driven salaries up. Bain & Company on LinkedIn: Jonathan Paul, Associate Consultant. The Case Team Leader at Bain and Company oversees project streams and the various consultants working on them. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Most of them cite a similar array of pros, which include a supportive, collaborative, and friendly environment among colleagues, an endless stream of opportunities for career development, the excellent Bain consultant salary, and a constantly stimulating & educational environment. Tech firms haven't gone away, so consultingfirms have taken measures to soften the blow of stagnant pay. Boston, Bain and McKinsey dominate the top spots on the pay table at this level of entry, although PwC Strategy& takes second place and matches the BBM firms with its $100k base salaries. According to the exchange rate at the time of writing, this equated to a base Bain and Company consultant salary of $58,000, with up to $14,500 in performance bonuses. These include: performance bonuses of up to $22,500, a housing allowance up to $5,000, a relocation bonus up to $5,000, 4.5% salary contributions into a 401k, and a signing bonus up to $5,000. Related Searches:All Consultant Salaries|All Bain & Company Salaries. Bain also makes a 401(k) retirement contribution of up to $8,000 for US employees. This is confirmed by the latest Harvard MBA employment report, which puts, Until this year, however, pay at the big consulting firmshad been climbing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Average salary for Bain & Company Consulting Practice Manager in Maldon, England: [salary]. Participating in these programs will help you build connections and increase the likelihood of receiving an interview. And find the best graduate job opportunities on Bright Network. Bain Associate Consultants in the US can make up to $122,500 each year, with $90,000 from base salary, $22,500 from bonuses, and $10,000 from shared profits. Management Consulted says the rise was most notable in 2019, when firms hiked salaries as they fought a war for talent with tech firms. Audience: All students Location: Statler 185 Learn More Mar 06 The Bain career progression usually begins with the role of Associate Consultant, as the firm hires a lot of consultants right out of undergrad. Some employees say there is more support for maintaining a healthy work-life balance than at many of the other top consulting firms. Total Pay Range Consultant 167 Salaries submitted 112,914 95,729 | 22,406 96K - 125K Associate Consultant 144 Salaries submitted 58,000 52,668 | 7,778 54K 64K Senior Associate Consultant 57 Salaries submitted 76,736 65,469 | 12,000 70K 81K Add your salary. While entry-level roles pay USD ~100k for graduates, employees hired straight from their MBA or Ph.D. graduation can expect between USD 150 to 180k, similar to early experienced highers. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. If youre considering a career in management consulting, especially at a top firm like Bain and Company, youve probably been attracted to the competitive salaries offered in this field. That aims to maximize the chance of entering stage 2. In the US, Associate Consultants with an undergrad or masters earned an average base salary of $90,000. Its worth noting that your financial compensation- though excellent is perhaps the least important way, in the long run, that you are compensated for the work you do at Bain. The numbers provided below are as-close-as-possible estimates based on the triangulation of several data sources in early 2020. Apply Today. Average salary for Bain & Company Management Consultant in Maldon: 96,081. Bain has also recentlyincreased consulting salaries for 2023, along with the other Big Three consulting firms. On Fishbowl, you can share insights and advice anonymously with Bain & Company employees and get real answers from people on the inside. Bain & Company employees rate the overall compensation and benefits package 4.4/5 stars. For recently graduated undergraduates and Masters students, the base salaries at McKinsey, BCG and Bain in London start from 40,000 and can be as high as 45,000. The lowest-paying job at Bain & Company is a Manager Assistant with a salary of 38,105 per year. Below is an analysis of pay at the MBB firms: McKinsey & Co., Bain & Co., and BCG.